Danish shipping company TORM has entered into an agreement to acquire a total of eight eco LR2 tankers, as part of its fleet expansion efforts.
As explained, the vessels were built in 2010-2012. One of the ships is expected to be delivered in late last quarter of 2023, while the remaining seven tankers are scheduled for delivery in the first quarter of 2024. The deal that the company signed is worth $399 million.
The Danish shipowner did not reveal the seller and the names of the ships. Since the end of the third quarter of 2023, TORM has acquired four MR eco product tanker vessels built in 2015-2016 for a total of $75 million.
Earlier on, the company also revealed that it inked a deal to acquire three 2013-built MR eco product tankers. The three vessels are all built at a tier 1 Korean yard and have fuel-efficient eco-vessel specifications.
The new purchase agreement will bring the total fleet up to 93 vessels on a fully delivered basis, according to TORM.